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Norton Resources and Development Corporation Vs. All Asia Bank Corporation

NORTON RESOURCES AND DEVELOPMENT CORPORATION, Petitioner, versus ALL ASIA BANK CORPORATION,* Respondent

G.R. No. 162523 | 2009-11-25

D E C I S I O N


NACHURA, J.:

Before this Court is a Petition for Review on Certiorari[1] under Rule 45 of the Rules of Civil Procedure, seeking the reversal of the Court of Appeals (CA) Decision[2] dated November 28, 2002 which set aside the Decision[3] of the Regional Trial Court (RTC) of Davao City, Branch 14, dated August 27, 1999.

The Facts

Petitioner Norton Resources and Development Corporation (petitioner) is a domestic corporation engaged in the business of construction and development of housing subdivisions based in Davao City, while respondent All Asia Bank Corporation (respondent), formerly known as Banco Davao-Davao City...